LAW 3111H Lecture 4: Examples 2%2F7%2F18
Document Summary
Alicia buys voting common shares of citrus corporation, a publicly traded corporation that owns citrus groves in florida and harvests and markets citrus fruits and juices. It"s in the definition that a stock is a security. But it also meets the howey test. It is not even a fake stock acting like security deposit. Bob buys a row of 48 citrus trees from howey company. Although not required, bob agrees to have howey-in-the-hills (a related company) cultivate, harvest, and market his citrus, along with that of many others who own rows like bob"s. Them merely offering the service counts as a security. Carlita and carlos agree to work for howey-in the hollis as orange pickers, with half their pay in cash and the other half a bonus based on a percentage of the profits of the company. Not really but they invested something of value ( like services)
